Jet2 plc (LON:JET2) has garnered a "Moderate Buy" consensus recommendation from seven analysts covering the stock. Five analysts have rated it a "buy", while two have given it a "hold" rating. The average 1-year price target among these analysts stands at GBX 1,616.57. Recent reports have seen upgrades from several firms, including Royal Bank of Canada, which raised its target from GBX 1,800 to GBX 1,900 and maintained an "outperform" rating. UBS Group reaffirmed its "buy" rating with a GBX 1,660 target, while Canaccord Genuity Group increased its target from GBX 1,750 to GBX 1,800. Deutsche Bank and Jefferies Financial Group also provided updates, with Deutsche Bank setting a GBX 1,256 target and a "hold" rating, and Jefferies reiterating a "buy" rating with a GBX 1,800 target.
Jet2 opened trading at GBX 1,407 on Friday, with a market cap of £2.53 billion. The company's financial metrics include a PE ratio of 6.76, a price-to-earnings-growth ratio of 9.34, and a beta of 1.18. Its 52-week range is between GBX 980 and GBX 1,612. The company reported GBX 211.20 earnings per share for the last quarter, with analysts expecting GBX 170.91 EPS for the current fiscal year. Jet2 also initiated a stock repurchase plan, though no shares have been bought yet.
Insider activity has been notable, with Stephen Heapy and Gary Brown selling shares in July. Heapy sold 34,241 shares at GBX 1,475, while Brown sold 26,143 shares at the same price. Insiders have sold a total of 87,558 shares worth $129,148,050 in the last 90 days. Despite this, insiders still own 22.48% of the stock.
Jet2 plc is a leading leisure travel group, operating Jet2.com, the UK's third-largest airline, and Jet2holidays, the UK's largest tour operator. The company flies to over 70 destinations from 12 UK airports, offering low fares and package holidays.